Archive - Ivan Capital

Hammond Manufacturing Update 05/04/2024

An update on gross margins, operating leverage, revenue mix, drivers, and capital allocation.

Apr 5 •

March 2024

OPRT Update (Q4 and Full Year 2023 results)

Oportun's post-tightening vintages are performing better than pre-tightening. However, the company changed the presentation of metrics again, making it…

Mar 13 •

HMM.A (Hammond Manufacturing)

Hammond Manufacturing, a fundamental change in business economics or a short-term boost of profits?

Mar 8 •

OPRT (Oportun Financial)

Oportun is a distressed lender that lends with an average annual interest rate of around 30%. A combination of mismanagement (bloated cost structure…

Mar 5 •

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